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of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back as soon as today. the upper chamber in commerce is coming back tomorrow to pick up where they left off on the important domestic surveillance bisa. they will meet for a vote on the $50.6 billion bill for hurricane sandy relief. they will be back in the same zip code as far as we know there are
, not just right now with the fiscal cliff, but in the new year when a whole host of other issues come to visit us. so, with the new year just days away but the change of the calendar year comes lots of changes in state laws. here's what we're going to be looking at, here's a look at what will be legal and illegal in the new year. >> well, alison, some laws made headlines. gay marriage was passed in maryland and maine and the recreational use of marijuana was passed in colorado and washington state. wait, there's more. much more. let's start with the laws that take effect on january 1st. so, in illinois and california, employers may no longer force their employees to post their accounts. speaking of job seekers, let's check out oregon. employers are not allowed to advertise a job listing in that state unless they are willing to hire the unemployed. in iowa, arsenic is banned in chicken feed. in california, this one made headlines, too. that state is now banning the treatment aimed at changing the sexual orientation of anyone under the age of 18. and on the othlighter side, a n law in i
to go until we go off that cliff, the fiscal cliff. new today one key congressman is giving us a sober status report of where things are. >> i think there is a sense of urgency, t.j., just because of where we are. we're right at the deadline. as a matter of fact, it looks like we will be here on new year's eve and possibly new year's day. they've already alerted us, members of the house, to look at the possible way of doing that. >> at this hour, senate leaders are scrambling to piece together a last-minute deal to avoid middle class tax hikes and possibly delay steep spending cuts. both sides weighing inned to. >> congress can prevent it from happening if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class, i believe we may be able to reach an agreement that can pass both houses in time. >> republicans hope to work across the aisle to solve these and other critical challenges facing america in the new year. divided government is a good time to solve hard problems. and in the next few days leaders in washington have an important responsib
over the fiscal cliff. happy new year. here's what you might have missed. president barack obama has left hawaii. he left last night, arriving in d.c. early this morning. the senate is also coming back from its christmas vacation to work on a deal today. sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of th
. give us a perfect new year's eve, please, one that will prepare us for the looming fiscal cliff? >> you know, you're killing me with that. listen, i'll give you a great dessert. a coffee cream dessert. a great new year's eve dessert. it's simple to make, dark rum, espresso coffee, put it in a blender and then serve it in martini glasseses. put them in the fridge, let it get nice and cold. after your dinner, pull it out, put coffee beans on top, serve it. great dessert. martini grass, enlass. >> start with something sweet. i like it. thanks for waking up early and joining us. >> thanks. >>> it may not be so easy to get money for that new car if washington drives us off the cliff. what no deal can mean for bank loans in 2013. >>> and i am following him, by the way, on twitter. >> good for you. >> in that second. >>> all right, moving on, talking about the grief and anger in india. protesters call for justice for a gang rape victim who has died now. her case is galvanizing the nation. we'll we're going to take you live to new delhi. stay close. 315 horsepower. what's that in reindeer-power
. >> and this doesn't have to do anything with to do with fiscal cliff but there is news on hillary clinton? >> doctors have discovered a blood clot stemming from a concussion she sustained several weeks ago they are monitoring the medication they are over the next couple of days. >> i guess she won't be testifying in front of any senate committees. rich, live for us. we'll check in with you at 9:00 p.m. and update you on behind the scene negotiations. we're going to update how asian markets are trading with no deal here in the united states. so until 9:00 p.m. have a great day. you'd you would think that you'd want to havewa assets available within a certain distance of, bt places. but there is no sign anywhere that we would ask any help fromo neighboring countries, anyone else in the vicinity to help us at thattime. have puthese people in this situation ,-com,-com ma they have failed to connect the dots and failed to anticipate what was happening and once th attack began, there was something they could do immediately, but have they responded immediately, might have prented the deatthat oc
on the fiscal cliff stuff, president obama, rochelle, on a new poll, 54% approve of his handling of the fiscal cliff. only 26% support joan boehner. so the politics of it is not even working for them. they're purists, but they're not being practical, even politically. everyone as they don't stand for what you and i may think is the right thing. they're not even being practical about this. >> well, with taxes, it's so complicated because the republican party has basically got taxation at the heart of its ideology. so what they're almost in a position -- they've force ed ths into a corner where what they almost sl to do is let the cliff kick in so that then they can vote to go back and reinstate some tax cuts as opposed to somehow translating any kind of vote they take, you know, grover nordquist was going to stand up and say they raised taxes on the wealthy. at this point, they've got the situation so backwards, that they're going to have to let the cliff kick in. >> let me ask you this quickly. we've got some good economic news yesterday. weekly unemployment claims have fallen to the lowest si
markets next. we will see if there is a new word there about the fiscal cliff. we found some more winners on the nasdaq. ♪ with fidelity's new options platform, we've completely integrated evy step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: japan's new prime minister vowing to tighten ties with the u.s. as he works to revive the economy. some worry he will pay little attention to funds needed for growth. how does that sound familiar. the japanese market light to the news. the nikkei trading higher today. let's take a look at the ten year treasury. a gauge of how much work the federal reserve is doing by those very treasuries. it is down a little bit today. four more on that, let's bring in chris aarons from ubs. fiscal cliff, what happens to i
viewers here in the united states and around the world. breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from the senate democratic leader, harry reid and down this haul, which you can't see from here, the same thing is going on with republicans. at the podium we hope to hear from senate majority leader, harry reid. in terms of where things stand, they're frozens it goes. earlier today, we explained that the reason from the democrats point of view is that they got an offer from republicans that includes what was known as chained cpi, which you've been explaining means social security checks would be smaller for social security recipients, which is something
the fiscal cliff. >>> the chinese government announcing stiff new rules and requiring users to provide real names to service providers. the move place as greater burden on web companies to inform of forbid inch post. that is the latest from fox business, giving you the power to prosper. we'll be right back from washington >> the white house meeting has concluded. congressional leaders are back on capitol hill right now. comments from house minority leader nancy pelosi she believes the meeting with the president and other congressional leaders has moved them forward. she said it was a constructive meeting, candid as well. she also indicated that the president was definitely trying to get the senate leaders to try to move a proposal first. it appears as though house speaker john boehner, as we said before, is waiting for the senate to move on some time of legislation. so it appears that the congressional action now moves over to the senate. this meeting started according to senior administration official with president obama reiterating a proposal that he had put on the table on friday. last
house. that would be nice. coming up, forget the fiscal cliff. a slew of new taxes coming your way in less than week. something congress and the president talked about years ago. i will break it down ask. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, m good. you got it? yes. rates for us and them -- now that's progressive. call or click today. gerri: it will be a new year pretty soon. we will get new taxes. not just for wealthy americans either. millions of americans will face obamacare tax hikes in 2013. especially the middle class. it will likely affect the way you receive care in the way you buy health care. care to explain is doctor mitchell brooks. doctor, welcome back to the show. it's always good to have you here. you say that it's really a three card monte. that is what the american public is getting the obamac
could use a ranch house. that would be nice. coming up, forget the fiscal cliff. a slew of new taxes coming your way in less than week. something congress and the president talked about years ago. i will break it down ask. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. this is the age of taking action. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the sce
as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought up, it would pass overwhelmingly speaking that 250 he is discussing that would keep tax rates where they are for income amount for less than $250,000 increased those earning more. house speaker says senator reed should talk less and legislate more. senate democrats have not. they want to extend all the current tax rates and avoid some of the spending cuts. democrats are on their opening offer. they basically have not moved anywhere. there is less than a week to go. >> senator reid talking about a less than $250,000 limit. speaking right. exactly. liz
the top two democrats and the top two republicans and the president. yes, the fiscal cliff is the news background to today's trading. hopes of any kind of deal really are slipping away. i'm not going to say it's not going to happen, but the chances of a deal are slipping away. that is going to affect the early trading today. dow jones industrial average has opened lower, it's going to go down roughly 60 points. if you look at the futures market as a indicator for the current market we should be down about 60 by the time we open up. and barnes & noble, a big mover today and i want to go to lauren, how far up or down. >> it's up 2.3%, stuart. i went over to the booth where it trades, the traders say really heavy volume for in time of morning in the premarket on the stocks. barnes & noble very smart today. the good news up 11% and making a educational investment and putting 90 million into the nook media, which is kind of part of barnes & noble's business, but then put out the bad news, barnes & noble and their holiday sales will come in below expectations and their nook business would no
summer is what led to the fiscal cliff we're facing right now. just one more complication or bargaining chip. remind us, you're the best at putting this in perspective. remind us why the debt ceiling is just as important as the fiscal cliff. >> let me take you back a little while. to the conversation about the bun ji jump. here's the problem. confidence doesn't react to a bun ji jump. if you stole my phone and then i got it back from you, it would take that time before i develop that trust wp we saw the consumer confidence numbers come out and they have taken a big hit because consumers are worried about the fiscal cliff. the investing side is our debt raiting, you'll recall the last time we messed around with the debt ceiling, we got kicked down a notch. so if we are seen to be so irresponsible we would do this again and get past our debt limit, the world may sit there and say you're not that good. maybe americans are irresponsible with their money. we hit the debt limit on money. we have known that was coming. the treasury secretary reenforced that. this is a problem. they can fiddle
weapons. the stories that affect your bottom line to the new apple boss and the fiscal cliff. the biggest money stories of 2012, next. >> 2012 was a big year for business from apple's new world to facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo who announced she would take a two-week maternity leave. 37 years old and it looks like a mother's touch is what yao ya hoo needed. >> an intense drought that scorched the corn and soy crop sending prices sky high. who can forget super storm sandy. neighborhoods along the northeast swept away millions without power and damages as high as $50 billion br
alert. earlier today in a pathetic last minute effort to avoid the nation falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the president raced to the microphones and said the following after this meeting. watch. >> i just had a good and constructive discussion here at the wows with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> sean: here is what you need to remember. number one, the whole fed iasco was totally and completely avoidable. number two, senate democrats have not fulfilled their constitutional duty to pass a budget in over three long years. over 13 hyundais. their obsession has been and continues to be ruthless politics ove
are looking at january 1 and the fiscal cliff happening. in which case a resolution won't happen until the new congress comes into session on january 3rd. gregg: that's right. we've been following not only the events on the floor but people stepping before microphones. here is representative jim moran. >> there are going to be voting sunday night and then probably watching the skins-cowboys fame in the cloakroom. then we'll, then we'll be in session on december 31st as well. gregg: what does he mean, we're going to vote sunday night? >> here's what might happen. both parties meet with the president today at the white house. they all say look, here we are on the precipice here. let's come up with something so we stop these tax hikes from happening on january 1st. let's come together and come up with kind of a stopgap deal. in other words, something short term. this is something congress will typically do when both sides are at an impasse. they find a way to get by for a little while longer. buy themselves more time. if they come up with a deal like that, the house is coming back into session on
the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you couldn't see the roads where they split up and
, i guess the good news is that i'm rising today not to speak about the fiscal cliff, but what i'm speaking about is not good news because it deals with the tragic events that occurred in benghazi, libya, on september 11th when -- >> we are watching senator joe lieberman of that's joe lieberman talking about the fiscal cliff issue. let's go to luke russert, who is in washington following all of this as it somewhat progresses, or not. what is the latest that you're hearing? >> well, if i was not mistaken, harry reid said they would meet tomorrow morning at 11:00 a.m., which leads me to believe that doing anything tonight is probably not a possibility. obviously we'll have to check that. but talking to folks around the building, there are a few things that have come up. i spoke to senator conrad of north dakota. he was very adamant saying the republicans wanted to much in regard to the estate tax. democrats want to extend that, up to 35% of an estate. the most interesting thing i found out, i talked to one high ranks republican member and they said we're preparing our members that
new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could stall. if w
. the president said he is modestly optimistic about a fiscal cliff deal getting done before new year's eve. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there
of the fiscal cliff with former labor secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> so the american people are watching what we do here. obviously, their patience is already thinning. this is deja vu all over again. america wonders why it is that in this town, for some reason, you can't get stuff done in an organized timetable. >> when the president has to quote yogi berra, you kn
of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. the president is saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. you know, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in
, to other news. in just three days, america will go over that fiscal cliff, unless, of course, these focus which we are about to show you prevent it. they're in control whether or not your taxes go up come new year's day. senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> jessica, you were in
, the spending cuts that make up the fiscal cliff. president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the leg
'll talk to you later, jess, thanks. we are seeing senate leaders take new initiative in the fiscal cliff standoff after their talks with the president. harry reid and mitch mcconnell talked about the meeting and the tough work ahead. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it was a very serious meeting and it took an extended period of time, as you all know, waiting for us. >> mr. president, i would just add -- i share the view of the majority leader. we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> let's bring in cnn's senior political analyst, ron brownstein, editorial director of "the national journal." i'm not sure where to begin here. i
to bring us back from the fiscal cliff? might we see him before the new year? >> oh, i think it's almost a guarantee at this point. he'll be working the phones here in hawaii and he saw senator reed today at the memorial service, but told by white house aides it's likely the president will interrupt this vacation shortly after christmas and get back to congress washington on the 27th of december. because with this looming deadline at the end of the year unlikely to stay here in hawaii and in the meantime, trying to get in family time and a little golf and is now on a hike with the first family. but there's the big budget crisis. >> harris: hopefully with down time you get to hike diamondhead, it's great. >> good to see you. >> harris: a developing story last night on fox report. that marine held behind bars in mexico for months now back on u.s. soil. you know that, he's been in a car driving home to florida from coming across the border in texas. with his dad. he's not home yet and now a health scare prompting a detour on that road home. he's hospitalized tonight, what we're learning abo
attempt to work out a deal to overt the so-called fiscal cliff. in unison, his pals in the news media repeated this white house talking point. >> president obama cutting short his vacation in hawaii, heading back now to washington. that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working america
-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate offi
to the current fiscal cliff, the 63-year-old farm law was left on the books as an incentive intended to scare lawmakers into action with the prospect of higher support prices for milk and other agricultural products. actually allowing it to go into effect could be disastrous. farmers would rush to sell dairy to the government at higher prices, limiting consumer supplies, leading to higher prices in stores and less milk for manufacturing products like butter, yogurt and cheese. which could have the makers of those products looking for cheaper alternatives like imported milk from new zealand. how did we get here? it's the same old story. republicans are refusing to act. the senate passed its own bipartisan ten-year farm bill in june. house republicans haven't even brought a competing proposal to the floor for a vote. i'm joined by david k. johnston, pulitzer award winning journalist and i assume lover of milk. if we go over the dairy cliff, would there be any doubt as to who is to blame? we don't have to figure out real deeply who is at fault here. >> no, it's very clear who's at fault. we have
on tonight's breaking news of the fiscal cliff with former labor secreta secretary, robert reich, and amanda turco of "the huffington post." >>> then, chicago reaches the tragic milestone of 500 homicides in 2012. reverend jesse jackson will join me to discuss curbing gun violence in our cities. we'll be right back. sure. decaf or regular? regular. cake or pie? pie. apple or cherry? cherry. ♪ oil or cream? oil or cream? cream. [ male announcer ] with reddi-wip, a slice of pie never sounded better. that's because it's always made with real cream, never hydrogenated oil like some other whipped toppings. the sound of reddi-wip is the sound of joy. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through n
on any new volkswagen. visit vwdealer.com today. >>> fiscal cliff hanger, a white house meeting as we head into the last weekend before the deadline. >>> wanted in new york. take a look. police say the woman seen running away on the right had just pushed a man to his death in front of a moving subway train. >>> baseball cap controversy. the braves now retro logo raising a few eyebrows this morning. welcome back to "early start." so glad you are with us on a friday morning. >> it is friday, isn't it? i'm drew griffin. john and zoraida are off. lawmaker has a long time to avoid the fiscal cliff. now only four days left and no deal in sight. that could change today, when president obama holds a meeting with all four congressional leader at the white house. we're not saying you should bet on it. let's bring in ron brownstein for "the national journal." >> good morning. >> good morning. we're talking about this whole idea of a fiscal cliff was absolutely not supposed to happen. >> this was a machine that the two sides built to give guy them more will power to do what they didn't want to do
new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over the "fiscal cliff." so by next week could you start seeing your grocery store bills skyrocket and your paychecks plummet. the president is inding his hawaii have a -- ending his hawaii vacation early and returning tonight. >> wonderful to see all of you. merry christmas to everybody. >> reporter: congress is also coming back from a winter break tomorrow. and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the dea
leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid
no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the show. off camera he was tel
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, both the democratic and republican congressional leaders left the
." >>> on the surface, you might think there's new movement toward avoiding the fiscal cliff that starts making an impact just five days from now. president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw harry reid go into mitch mcconnell's office. well, it turns out that reid walked back out, and told ted barrett that they did not talk about the fiscal cliff at all. that sort of defies logic, but so it goes, that's what he said. and it sort of speaks to the warning that i got earlier this week, which is that most people here think that if anything is going to get done before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around dece
percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers and hundreds of bi
house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>> good evening on this friday night. diane is spending this holiday weekend with her family. we begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, asanger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american peop
you were 21. ♪ . ♪ . adam: with all the talk about the fiscal cliff and debt ceiling people are feeling the pinch. money is tight. budgets are even tighter. one company is banking on the odds you will want to save money with your car insurance. this new device. it can make it possible to cut your auto insurance by up to 25%. all because you get charged by the number of miles you drive. we have the ceo of metro miles joins me now to explain how this works. and how does it work? how can you beat geico and progressive and all the others? how does this thing do it? >> well, the device is called the metro no, ma'am. and it alas us to track -- allows us to track the number of people drive. what we've seen in the u.s. is a change the way we're using our cars. and there is a big divide growing between high mileage drivers and low-mileage drivers. for example --. adam: what is the average per year. used to be 12,000. are we still putting 12,000 on the car? >> used to be 12,000. for the average person under 35 years old, they drive 3,000 miles less than they did 10 years ago. they're
. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcco
? >> it's irony and paradox upon irony. remember the reason the fiscal cliff is supposed to be so dangerous and the reason why so many people in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you showed at the opening of the program with keith boykin over and over again showing the dysfunction of congress. they made this so onerous with the belief it would make them do something less onerous and now they're right up against it. >> they really know how to make these crises happen. political correspondent and writer, john howard, thank you very much for joining me and former labor secretary robert reich, thank you for joining me tonight. >>> coming up, the nra has done much more damage than you think. and they've made gun ownership much harder to trace. >>> and the romneys keep trying new explanations for why mitt lost. but they aren't getting any closer to the truth. and as s
somebody's having a laugh out there about this fiscal cliff business. >>> all right. they're going to do it again. anderson cooper and comedienne kathy griffin, teaming up to usher in the new year from times square. let's say thing got weird last night on "the situation room" when the two were promoting their new year's eve special. look at this. >> somebody tells me, and i'm not sure this is true, somebody tells me that you're obsessed with wolf blitzer. and yet every year it's me talking to you guys because i'm doing blitzer's show. i'm wondering, is that -- do you take it personally, do you think there's something to this? >> i have -- >> i think wolf is wise to stay away from kathy griffin because i once -- i don't know if you know this story, cathy -- candy. i lent -- kathy griffin one asked to come to my house in long island. and like a nice guy, i sent her a key because she wanted to go there a day in advance. and that night -- >> to clean up the place. >> no, first of all -- she arrived, she was terribly disappointed. i think she thought it would be like a house in downtown abbey
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